- ETH recovered toward $2,500 after falling near $2,440, with $2,515-$2,525 now the key resistance zone.
- A reported whale opened $100 million in ETH longs, with the position facing a liquidation price near $2,345.
- Analysts see higher potential targets, including $3,550 and beyond $15,000, while ETH’s RSI and MACD remain positive.
Ethereum has recovered toward $2,500 after its Sept. 4 drop, while analysts Crypto Patel and Gerla outlined higher targets. Analyst Ted also reported a whale opening $100 million in ETH longs and $47.9 million in BTC longs. ETH now faces resistance around $2,515-$2,525, with momentum indicators remaining above key neutral levels.
Analysts Track Ethereum’s Next Price Move
According to Crypto Patel, Ethereum’s long-term journey could extend beyond $15,000. He described major dips as potential accumulation zones and referenced an earlier $1,500-$1,600 entry area.
Gerla focused on Ethereum’s recent price structure between $2,300 and $2,600. The analyst said ETH formed a base after bouncing from the $1,750 lows. However, Gerla identified $3,550 as the major resistance level above the current range.
He also noted heavy volume between $2,900 and $3,400. According to Gerla, reclaiming that volume area would change the price structure. For now, he identified $2,300-$2,600 as the range to watch.
Whale Opens $100 Million Ethereum Long
Ted reported that one whale opened large long positions in both Ethereum and Bitcoin. The reported ETH position totals $100 million, while the BTC position totals $47.9 million. The reported Ethereum liquidation price stands at $2,345.
Meanwhile, Bitcoin’s liquidation price is at $72,216. That positioning comes as ETH trades near $2,497 following its latest recovery. The move began after ETH fell toward $2,440-$2,450 on Sept. 4.
Buyers then pushed ETH above $2,475 before the price approached $2,500. The advance later reached roughly $2,515-$2,525, where profit-taking emerged.
ETH Tests Resistance as Momentum Cools
The $2,515-$2,525 zone is the immediate resistance area. A break above it could place $2,550 next, while $2,475 remains near-term support. Below that level, $2,450 becomes the next support area for ethereum. A break under $2,450 could bring $2,425-$2,400 into focus.
Meanwhile, the RSI is at 58.70, below its 64.80 signal average. However, RSI remains above 50, while MACD stays positive. The MACD line is at 10.41 against 9.57 for the signal line. Its 0.84 histogram remains positive, although the gap remains relatively small.
